Globus Maritime Expands Fleet to Six with Acquisition

Interviews with survivors in northern India reveal that choice, economic security, decent work and access to education are critical for a life free of exploitation.

14ccc701 Efef 4f80 A612 99a654f83828
Alex Stemmer

Globus Maritime Limited, a dry bulk shipping company, announced that it has entered into, through a separate wholly owned subsidiary, an agreement with an unaffiliated third party to purchase a 2015-built Kamsarmax vessel built by the Hudong-Zhonghua Shipbuilding shipyard, for $18.4 million.

The vessel is expected to be delivered to Globus during the fourth quarter of 2020.

On completion of this acquisition, the fleet of Globus will expand to six modern dry bulk carriers with a total carrying capacity of 381,738 deadweight tons and a weighted average age of 10.9 years (as of Sept. 30, 2020).

Athanasios (“Thanos”) Feidakis, president and CEO of Globus, commented: “We are very pleased to announce the agreement to purchase a modern vessel that will increase our fleet carrying capacity, lower the average age of the fleet and expand the company in a larger asset class. We believe that this investment is a good asset in a market with promising prospects with a long operating life. We are thrilled to welcome the vessel in our fleet and operations. We continue to view expansion opportunities and as the market moves towards healthier fundamentals we are carefully and continuously searching for vessels that fit our profile and operational needs.”